BIG 0.00% $2.22 big un limited

BIG Filing for Chapter 11 and Ceasing all Operations, page-331

  1. 6,522 Posts.
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    "So the purpose of this action is only to realise the loss?" - Yes. It helps people avoid the perverse situation where they may need to pay a crapload of capital gains tax in one year knowing it's only a matter of time before a company is wound up and they realise a tax loss.

    "They dun pay you anything to acqurie the shares from u?" - No. You actually pay them a fee for them to acquire your worthless shares.

    Their fees are described here:

    https://www.delisted.com.au/sell-your-worthless-shares
    Last edited by Sojourner: 22/05/18
 
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Currently unlisted public company.

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